insolvency
The Injustice of Ignoring Social Security's Problems
The severity of Social Security’s financial future is attracting increasing attention, especially as recent projections place the program’s OASI insolvency date within six years.
Lost in the Shuffle: The Payroll Tax Cap is Also Rising
Wednesday’s annual update also included a change that affects higher earners, and it’s one of the most frequently discussed items when it comes to commentary on the looming Social Security insolvency problem.
Social Security will Last Another 90 Years, Says Social Security Commissioner
Commenting on CNBC’s “Squawk Box” today, Social Security Frank Bisignano expressed optimism for the endurance of Social Security.
Warning: Avoid Fear-Driven Decision to Claim Benefits Early
As Social Security continues its relentless march toward insolvency, and as congressional inaction remains the status quo, many folks eligible for benefits are electing to claim early out of fear and uncertainty.
Social Security Insolvency and the Implications for Younger Workers
Social Security’s looming insolvency and potential benefit cuts raise serious concerns for America’s seniors who depend on the program’s earned benefits. But what does this mean for younger workers?
National Institute on Retirement Security Survey Points to Growing Concerns
“80% of Americans now say the country faces a retirement crisis,” according to the findings from the most recent NIRS survey. Perhaps even more striking in these findings is the conclusion that “61% of respondents are concerned they will not…
Social Security in 2027–A Look Ahead to Changes
In reality, not much is changing, other than the usual items like the cost-of-living adjustment, the taxable maximum, and the parameters associated with the retirement earnings test. A recent post on finance.yahoo.com by Senior Writer Hal Bundrick, CFP recaps the…
More on the “Scrap the Cap” Argument
As most readers are keenly aware, the dialog on how to fix Social Security’s looming financial catastrophe most often turns to elimination–or at least adjusting–the payroll taxable maximum. The basic argument goes like this: someone earning a million dollars in…
Let’s Start the Week Off With Some Myth Debunking
Over the years, our editorial staff here at the AMAC Foundation has diligently reported on a variety of myths, rumors, misunderstandings, and outright lies that continually circulate in public discourse about Social Security. Some are funny (well, almost), but others…
Another Idea to Help Keep Social Security Solvent
With Social Security projected to become insolvent by 2032, several solutions are under consideration. Kathryn Anne Edward proposes that employers pay taxes on subcontractors’ earnings. For instance, if an employer issues a 1099 for $100,000, they would pay a 6.2%…